Ayushi Asked a Question
August 13, 2020 11:22 pmpts 30 pts
139 TE the n ternational terms of trade settle at a level that is between each country's opportunity cost, then () there is no basis for gainful trade for either country () both countries gain from trade (/1c) only one country gains from trade (T) one country gains and the other country looses from trade
  • 1 Answer(s)
  • Shares
  • Nidhi taparia Best Answer
    Option (2) is correct. If terms of trade settle between the opportunity costs of both nations, they both have some thing to gain out of trade and hence it is beneficial for them.
    Likes(0) Reply(0)